HANOI: Vietnam’s gross domestic product grew 4.48% in the first quarter of 2021 from the same period a year earlier, while March exports soared 19.2% year-on-year, government data released on Monday showed. The expansion of GDP compared with 3.8% growth in the first quarter of 2020 and 4.48% in the fourth quarter. The industrial and […]
Read MoreThe e-commerce site is a key national program to boost trade activities between Vietnam and the EU. An e-commerce site will make debut soon for businesses of Vietnam and the EU to better exploit opportunities of export to each other’s market after the EU-Vietnam Free Trade Agreement (EVFTA) took effect. This is a cooperation program […]
Read MoreIndonesia aims to become an electric car manufacturing center in the region in the next few years, which will be a competitive challenge for Vietnam’s domestic automobile industry. Toyota has announced additional investment capital of $1.95 billion in Indonesia. The capital, to be disbursed from now to 2024, will be used to make hybrid and […]
Read MoreThirty-one Cambodian tariff lines – mostly agricultural products – now carry the zero rate to neighbouring Vietnam for 2021-2022, the Ministry of Commerce announced on March 25. This comes as the Bilateral Trade Facilitation Agreement for 2021-2022 was formally ratified after the completion of internal procedures, with retroactive benefits for exports, the ministry said. The […]
Read MoreVietnam aims to become the second largest economy in Southeast Asia by 2030 thanks to its sound economic performance, Prime Minister Nguyen Xuan Phuc has said. Phuc unveiled the target while presenting the 2021-2030 national socio-economic development strategy and the 2021-2025 development plan at the national conference to popularize the recently-concluded National Party Congress’s resolution […]
Read MoreBangkok Bank (BBL) has become the first local bank to offer cross-border QR payments between Thailand and Vietnam. The service will help support economic recovery as Thailand opens up after the pandemic, the bank says. The project to promote cross-border payments via QR code technology is the fruit of a collaboration between the Bank of […]
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